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Cleantech – renewable energy in particular – will follow one of two types of growthLinear – corresponds to a view that the world will remain much the same tomorrow as it is today. Non-Linear – corresponds to the view that something will force a changePeak Oil, sudden disruptive pricing on renewables, Climate Change.Not qualified to comment on Peak Oil, but am qualified to comment on Climate Change.What event will drive policy don’t know – hurricane, drought attributable in the publics mind, US deciding to catch up with China on Cleantech spendinggeneral awakening on the part of the public.Who knows?

By market pull, I really mean creating and supporting sustained demand for something.XWe all familiar with the typical innovation cycle. Invent something, learn to produce at economic levels, sell into the market; meet and also create demand.X This is also where MaRS plays; nurturing high-tech companies.This is no longer sufficient, we will not meet our climate challenge waiting for demand for clean energy to magically appear.Again – we’re replacing something that – aside from the externality of carbon – seems to work quite well, and has very strong vested interests.

We remember the Market Pull slide, creating and supporting demand.Green Bonds is a tool to redirect savings/capital; from both the public at large, as well as large institutions like pension funds.Lower the cost of debt, lower the cost of renewable energy production.